After putting contract lows at the end of April and then trying again unsuccessfully to make a new lows in June. Gas now appears to be range bound but I have a fresh buy signal today. Natural gas has an unnegated King's Cross buy signal and the 50-period moving average is now pointing up. This certainly could be a spot to start accumulating natural gas.
If gas could take out last week's high of $2.988 we might be breaking out of this range. Then when gas takes out last month's high $3.163 natural gas eventually should be back up to over $5. The weekly chart has had a change in trend back to up the trend has been down for over a year. Even though the monthly chart changed its trend back to down last January the monthly chart is not in a longer term downtrend and could develop a King's Cross buy signal. So after stating all this technical jargon I have a fresh buy signal.